Middle East crude benchmark premiums all rose on Friday, with that of Oman and Dubai reversing declines from the previous session to hit one-week highs.

Oil prices rose on the day and were on track for a third straight week of gains as traders focused on potential supply disruptions from sanctions, while icy conditions in parts of the United States and Europe are expected to drive up fuel demand.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps rose 37 cents to $1.73 a barrel.

Unipec will deliver a March-loading Oman crude cargo to TotalEnergies following the deals.
Source: Reuters